Wasatch Advisors LP Reduces Stock Holdings in Copa Holdings, S.A. $CPA

Wasatch Advisors LP lowered its stake in Copa Holdings, S.A. (NYSE:CPA) by 52.1% during the 1st quarter, HoldingsChannel.com reports. The fund owned 217,648 shares of the transportation company’s stock after selling 237,075 shares during the quarter. Wasatch Advisors LP’s holdings in Copa were worth $24,727,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Hilton Head Capital Partners LLC purchased a new stake in shares of Copa in the 4th quarter worth about $27,000. Empowered Funds LLC purchased a new position in shares of Copa during the fourth quarter valued at about $29,000. US Bancorp DE raised its stake in Copa by 90.2% in the third quarter. US Bancorp DE now owns 253 shares of the transportation company’s stock worth $30,000 after buying an additional 120 shares in the last quarter. Triumph Capital Management bought a new position in Copa in the third quarter worth about $36,000. Finally, Advisory Services Network LLC purchased a new stake in Copa in the third quarter worth about $50,000. 70.09% of the stock is currently owned by institutional investors.

Copa Trading Up 0.1%

Shares of NYSE CPA opened at $157.22 on Friday. The firm’s 50 day moving average price is $132.87 and its 200-day moving average price is $129.37. Copa Holdings, S.A. has a 52-week low of $104.90 and a 52-week high of $160.46. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.06 and a current ratio of 1.16. The company has a market cap of $6.47 billion, a PE ratio of 9.17, a P/E/G ratio of 1.20 and a beta of 1.00.

Copa (NYSE:CPA) last announced its quarterly earnings results on Wednesday, May 13th. The transportation company reported $5.16 earnings per share for the quarter, beating the consensus estimate of $4.43 by $0.73. Copa had a net margin of 18.76% and a return on equity of 26.01%. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter last year, the firm earned $4.28 earnings per share. The firm’s quarterly revenue was up 17.0% compared to the same quarter last year. On average, equities research analysts expect that Copa Holdings, S.A. will post 15.96 EPS for the current fiscal year.

Copa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were paid a $1.71 dividend. The ex-dividend date was Friday, May 29th. This represents a $6.84 annualized dividend and a dividend yield of 4.4%. Copa’s payout ratio is currently 39.88%.

Wall Street Analyst Weigh In

Several analysts have weighed in on CPA shares. UBS Group lifted their price objective on Copa from $185.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Bank of America lowered their target price on Copa from $212.00 to $171.00 and set a “buy” rating for the company in a research note on Wednesday, March 18th. Jefferies Financial Group began coverage on Copa in a research report on Thursday, June 18th. They set a “buy” rating and a $185.00 price target on the stock. Citigroup reduced their price target on Copa from $155.00 to $140.00 and set a “buy” rating on the stock in a research note on Tuesday, March 17th. Finally, JPMorgan Chase & Co. raised their price objective on Copa from $165.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $168.91.

Copa Company Profile

Copa Holdings, SA (NYSE:CPA) is a Panama‐based aviation holding company that provides passenger and cargo air transportation across the Americas and the Caribbean. Through its principal subsidiary, Copa Airlines, the company operates a modern fleet of Boeing 737 aircraft, offering scheduled flights that connect passengers through its Tocumen International Airport hub in Panama City. The company also offers dedicated cargo services under the Copa Cargo brand, leveraging belly hold capacity on its passenger flights to transport freight throughout its network.

The roots of Copa Holdings trace back to 1947, when Compañía Panameña de Aviación began operations as the flag carrier of Panama.